NIFTY Options Trading by RAJ

[healthraj]

No Clear winner today. Tested Low 7881 SPOT but did not go DOWN. So SELL is still not confirmed. MAX OI @ 7700-8000 Suggest that 8000 will be the ultimate Resistance with OI @ 89L with 16L added today.

MAX COI Values @ 7900-8000 Suggests that there is some more UP side left.

But the Volumes in 7900-8000 suggested that every rise is being used to SELL.

NIFTY Having Reached so far, it would be ideal for it to TEST the NIFTY Futures Major Pivot which is now at 7945(+30).

Weekly Futures Channel Pivot @ 7973. Weekly Major Resistance @ 8088. Weekly Channel Resistance @ 8261

After this BIG Rally started, there has been SELL signal in Daily Futures Chart and Weekly Futures Chart. But there is no SELL so far in the Monthly Futures Chart. So as per the Monthly Futures Chart the R2 is at 7970 and Channel Resistance is at 7968.

So 7970 will be the LEVEL to Watch

So all these shows that 8000 is not so Far.

So Build your capital to SELL around 7970/8000 in the SEP-14 Series

 

[columbus]

The COI has once again changed to indicate an UP Move. But as per the quadrant it is a DOWN Move.

We have to wait and see. As per LTF only a BD @ 7885/75 only will confirm a DOWN move.

Raj,

As of NOW the prices of PUT OPTIONS is low ,hence the volumes are more,
In this scenario ,volumes based on mere number may not work ,properly.

 

[healthraj]

NIFTY or Market does not move in Linear fashion and why should the Trend lines be Linear ?

Here is my attempt for a different Non-Linear Chart using the Polynomial regression. Hope this will address my problem with the Trending system charts.

Hourly SPOT Chart

Daily Futures Chart

 

[healthraj]

NIFTY Levels

Today the MAX COI is at 7900-8000. So the support would be somewhere around 7870. Only if 7870 breaks, you can expect more on the down side. So if NIFTY does not break 7870, then it is a Buy around 7870.

 

[healthraj]

NIFTY Levels

Today the MAX COI is at 7900-8000. So the support would be somewhere around 7870. Only if 7870 breaks, you can expect more on the down side. So if NIFTY does not break 7870, then it is a Buy around 7870.

Note : Please note that my levels are based on the Polynomial Regressions, Which I Am still trying.

For LTF I am using Power of 2
for HTF and Daily I am using Power of 4
For Weekly and Monthly I am using of Power of 6.

So based on the above, Support has moved further down

In LTF the Support will come around 7865 - SELL Triggered again 7887
In HTF the Support will come around 7865 - SELL triggered at 7910

 

[singlap]

Great Raj !, it almost touched 7865 and started going up again.

 

[coolbull]

Note : Please note that my levels are based on the Polynomial Regressions, Which I Am still trying.

For LTF I am using Power of 2
for HTF and Daily I am using Power of 4
For Weekly and Monthly I am using of Power of 6.

So based on the above, Support has moved further down

In LTF the Support will come around 7865 - SELL Triggered again 7887
In HTF the Support will come around 7865 - SELL triggered at 7910

good work, which tool u r using for this calculation......do u use live feed of terminals for charting.......?

 

[ROKU]

good work, which tool u r using for this calculation......do u use live feed of terminals for charting.......?

I also wanna know the software for analysis and the live feed you use, also suggest if Amibroker would be a good platform.

 

[healthraj]

good work, which tool u r using for this calculation......do u use live feed of terminals for charting.......?

I also wanna know the software for analysis and the live feed you use, also suggest if Amibroker would be a good platform.

As usual, it is my own excel system with Free feed from Google Finance for LTF and HTF and the Daily, Weekly, Monthly Futures Data from NSEIndia.com.

Plus the Options Chain data from NSEIndia.com

I do not use any of the commercial software available

 

[healthraj]

In the Daily Future Charts, SELL is triggered for BANKNIFTY above 15582. So the Rally in BANKNIFTY which started around 14800 is OVER